Which is why it comes as no surprise that The Hoff (as he likes to call himself) don't got no time for estate upkeep. The former "Baywatch" babe just downsized to a modest 5,767-square-foot home in Calabasas, Calif. from his massive 8,974-square-foot mansion in nearby Encino.

Now, by "modest," we mean celebrity-modest. Because Hasselhoff's new home still has five bedrooms, six bathrooms, a basketball court, a pool and a spa complete with waterfall. But it doesn't have the Encino property's tennis court, pub room, gymnasium or library. Something tells us The Hoff will make do.

Hasselhoff closed the deal on his Calabasas home for $1.95 million on May 15, according to public records. He had unloaded his Encino home for a cool $3.549 million the month before, making a handsome profit on the property he bought in 1991 for $2.975 million.